Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
DHFL | Tube Investments | ICICI Bank | Mercator | Mphasis and Ambuja Cement are stocks, which are in the news today.
If the index crosses and sustains above 11,760 levels on the tradable basis, we expect the rally to continue towards 11,900-12,000
The broader markets, which had been underperformer for many months, turned outperformers in last one month rally.
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
Mayuresh Joshi of Angel Broking said the year 2019 will largely be a year of stock-specific stories.
To tide the volatility, investors can spread investments over months and remain invested for at least three years: SMC Global Securities
Positional traders are advised to buy with a stop of 127 for a target of 147.
Rajesh Agarwal of AUM Capital recommends buying Bank of Baroda with stop loss at Rs 110 and target of Rs 122, Ajanta Pharma with stop loss at Rs 1090 and target of Rs 1160 and Siemens with stop loss at Rs 952 and target of Rs 1015.
The brokerage house believes that occupancies are set to improve, while average room rate is set to improve significantly in the next two to three years.
Rajesh Agarwal of AUM Capital recommends buying Indian Hotels with stop loss at Rs 130 and target of Rs 144, Can Fin Homes with stop loss at Rs 228 and target of Rs 248 and Cyient with stop loss at Rs 733 and target of Rs 753.
In the current market scenario one should avoid leveraged positions and investors should diversify their portfolios, said Ajay Jaiswal of Stewart & Mackertich Wealth Management
Goldman Sachs, which was strategically overweight on India since March 2014, has turned slightly cautious towards Indian market in 2018 and lowered its investment view to marketweight from overweight earlier.
The rupee's fall is technical in nature and should be viewed in accordance with happenings across the globe.
UBS said the relative valuation of small and midcaps suggest that optimism may be priced but not the uncertainties, despite the recent corrections.
“The Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline,” JM Financial said in a report.
As per the options data, the support level for Nifty has shifted higher in the May expiry compared to last week. Immediate support is seen around 10,600 and 10,500 levels, whereas 10,800 will act as stiff resistance.
Prakash Gaba of prakashgaba.com is of the view that one can buy United Spirits with target at Rs 3430 and stop loss at Rs 3330 and sell Hindustan Unilever with target at Rs 1554 and stop loss at Rs 1574.
"The immediate resistance for the Nifty is placed at 10,735. If the index crosses above this level then the next target is seen at 10,800-10830," says Ashish Chaturmohta of Sanctum Wealth Management.
Divis Laboratories, Crompton Greaves Consumer Electricals, Indian Hotels, Pfizer and Bombay Dyeing could give up to 16% return in the short term
It looks like the worst is over for Indian markets which is reasonably priced; however, stock picking has become difficult. Going forward, if we look at what is happening across the globe and back home, most investors have moderated their return expectations from the market, indicated Porinju Veliyath of Equity Intelligence India.
Here is a list of top 10 ideas priced less than Rs 1,000 which can deliver up to 17% return in the short-term.
Dharmesh Shah of ICICIdirect.com Research
Here is the list of 12 top stocks that can give upto 47% return over 12-15 months period.
Companies which rose between 40-100% include names like Tata Steel, Voltas, Tata Sponge, Tata Metaliks, Tata Global Beverages, Oriental Hotels, and Titan Company.